Press coverage about Oritani Financial (NASDAQ:ORIT) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oritani Financial earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.1800550760038 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Oritani Financial (NASDAQ ORIT) opened at $16.70 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.96. The firm has a market cap of $756.68, a PE ratio of 14.78 and a beta of 0.36. Oritani Financial has a fifty-two week low of $15.30 and a fifty-two week high of $17.90.
Oritani Financial (NASDAQ:ORIT) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $0.27 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.27. The company had revenue of $28.59 million for the quarter, compared to the consensus estimate of $28.30 million. Oritani Financial had a net margin of 31.03% and a return on equity of 10.73%. analysts predict that Oritani Financial will post 1.02 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on ORIT shares. ValuEngine raised shares of Oritani Financial from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. FIG Partners reissued a “market-perform” rating on shares of Oritani Financial in a report on Thursday, October 26th. Finally, BidaskClub downgraded shares of Oritani Financial from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th.
COPYRIGHT VIOLATION NOTICE: This news story was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.com-unik.info/2018/01/12/oritani-financial-orit-receives-daily-media-impact-score-of-0-21.html.
About Oritani Financial
Oritani Financial Corp. is a holding company for Oritani Bank (the Bank). The Bank offers a range of retail and commercial loan and deposit products. The Bank operates in the New Jersey Counties of Bergen, Hudson, Essex and Passaic. The Bank’s loan portfolio includes residential loans, residential commercial real estate loans, credit or grocery retail commercial real estate loans, other commercial real estate loans, and construction and land loans.
Receive News & Ratings for Oritani Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oritani Financial and related companies with MarketBeat.com's FREE daily email newsletter.